Industry NewsMortgage

Bundled real estate packages save less than predicted

Research shows RESPA reform could cut $225 from average loan closing
Published on Jan 4, 2005

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by CareyBot

The U.S. Department of Housing and Urban Development estimates that the reform of the Real Estate Settlement Procedures Act would save the average real estate loan borrower $936 in settlement costs, but the potential cost savings could be much lower at about $225, according to The TowerGroup.

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